Theoretical Issues in International Lending to Developing Countries by Private Financial Institutions
Author | : Choeljoon Kang |
Publisher | : |
Total Pages | : 292 |
Release | : 1987 |
Genre | : Banks and banking, International |
ISBN | : |
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Author | : Choeljoon Kang |
Publisher | : |
Total Pages | : 292 |
Release | : 1987 |
Genre | : Banks and banking, International |
ISBN | : |
Author | : Jeffrey Sachs |
Publisher | : |
Total Pages | : 68 |
Release | : 1983 |
Genre | : Business & Economics |
ISBN | : |
The current crisis in international lending points up a lesson re-learned several times in the past 150 years: the international loan markets function very differently from the textbook model of competitive lending. This paper discusses various extensions of the basic model. First, we amend the textbook model to show how limitations on a government'staxing authority may greatly affect its optimal borrowing strategy. Second, we explore the implications of adebtor country's option to repudiate debt. Third, we show that efficient lending may require collective actions by bank syndicates, and that a breakdown in collective action can result in serious inefficiencies and even financial panics.
Author | : C. Fred Bergsten |
Publisher | : |
Total Pages | : 234 |
Release | : 1985 |
Genre | : Banks and banking, International |
ISBN | : |
Author | : |
Publisher | : Martinus Nijhoff Publishers |
Total Pages | : 420 |
Release | : 1984-03-30 |
Genre | : Law |
ISBN | : 9789024729623 |
The Academy is a prestigious international institution for the study and teaching of Public and Private International Law and related subjects. The work of the Hague Academy receives the support and recognition of the UN. Its purpose is to encourage a thorough and impartial examination of the problems arising from international relations in the field of law. The courses deal with the theoretical and practical aspects of the subject, including legislation and case law. All courses at the Academy are, in principle, published in the language in which they were delivered in the "Collected Courses of the Hague Academy of International Law .
Author | : Marilyn J. Seiber |
Publisher | : Elsevier |
Total Pages | : 224 |
Release | : 2013-10-22 |
Genre | : Business & Economics |
ISBN | : 1483189813 |
International Borrowing by Developing Countries analyzes the various aspects of developing-country debt. The title covers various concepts such as theory of borrowing, official and private debt, petrofund recycling, and debt relief. The text first deals with role of external capital and debt in economic development, and then proceeds to examining the historical debt experience of the now-creditor countries. Next, the selection tackles the official bilateral and multilateral debt along with its patterns, magnitude, and the procedures and experience of official debt rescheduling. The text also analyzes the private Eurocurrency debt and the official positions on debt relief and reviews proposals for recycling petrofunds and providing new sources of financing. The last part deals with the political factors that will affect external debt, as well as recommendations for future policy. The book will be of great interest to economists, political scientists, game theorists, and sociologists.
Author | : John Loxley |
Publisher | : Routledge |
Total Pages | : 228 |
Release | : 2019-03-13 |
Genre | : Social Science |
ISBN | : 0429692188 |
One of the most important and controversial challenges feeing the international financial and trading system is the need for developing countries to meet their high and rapidly growing external debt obligations and foreign exchange requirements. Developing countries have suffered major shocks in the form of global recession, high real interest rates, weakened terms of trade, and rising protectionism against their exports. The International Monetary Fund, the World Bank, Western central banks, and private financial institutions are seeking to avoid a collapse of the international financial system, and developing countries are seeking to grow through increased trade and access to external financing. Yet the fragility of current international trade and monetary systems seriously threatens the achievement of both sets of objectives. Professor Loxley integrates the structural adjustment experience of Third World countries with the policies, practices, and relationships of external financial agents in his discussion of options for reforming policy and of the limitations inherent in implementing these reforms.
Author | : Graham Bird |
Publisher | : Routledge |
Total Pages | : 201 |
Release | : 2003-09-02 |
Genre | : Business & Economics |
ISBN | : 1134817649 |
Recent years have seen IMF lending focusing almost exclusively on the developing world as richer countries have turned to more flexible sources of finance. This provides the first analysis of Fund lending and key changes needed for future success.
Author | : Margee M. Ensign |
Publisher | : Routledge |
Total Pages | : 74 |
Release | : 2010-11-26 |
Genre | : Business & Economics |
ISBN | : 1136887954 |
The primary questions addressed by this study, first published in 1988, focus on how private bankers made decisions on the creditworthiness of developing countries during the 1970s and what the implications of these decision rules are for the developing countries today. Based on interviews with senior bankers about their decision rules, the author has developed artificial intelligence-based simulations of their images of creditworthiness. Discussed are contemporary proposals for solving the debt crisis.
Author | : Jean-Germain Gros |
Publisher | : African Books Collective |
Total Pages | : 108 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : |
The authors provide a compelling and balanced critique of the world's largest multilateral development lending agency in the context of globalization and the increasing domestication of market-based economic reforms. Adopting a tripartite historical, theoretical and empirical approach the study shows how the Bank is still moored in neo- liberal market ideology and western hegemony, lacks transparency and democracy in its workings, and boasts 'pro-poor' policies that are little more than empty rhetoric. They conclude that the Bank must be radically transformed to meet to improve its record on lending to poor countries, as well as to deal with the sharpened problem of poverty ushered in by globalization.
Author | : Jose Antonio Ocampo |
Publisher | : Zed Books |
Total Pages | : 228 |
Release | : 2007-04 |
Genre | : Business & Economics |
ISBN | : 9781842778623 |
This publication reviews the major financing issues influencing economic development since the historic Monterrey Consensus of the International Conference on Financing for Development in 2002. It contains four main chapters under the headings of: international private capital flows; official development financing; external debt; and systemic issues.